Lot 2 - Flat 23 The Pinnacle, Kings Road, Reading, Berkshire, RG1 4LY

  • Unconditional Online Auction Sale
  • Guide Price* : £160,000

2 Bedroom apartment - third floor


Description

FOR SALE BY ONLINE AUCTION - 6 WEEK COMPLETION - A vacant 2 bedroom third floor apartment presented in fair condition, located on the outskirts of Reading town centre with residents parking. Ideal letting investment at approximately £1,275 PCM, gross yield 9.5% per annum.

Auction date
To be sold by online auction on Friday 25th March 2022, bidding will open at 10.00.

To view
A virtual tour is available, or please call 01344 753 120 to book a viewing appointment at the following times: * Tuesday 08 March at 12.00 * Thursday 10 March at 12.00 * Tuesday 15 March at 12.00 * Thursday 17 March at 12.00 * Tuesday 22 March at 12.00 * Thursday 24 March at 12.00

Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.

Location
* Close to local schools and amenities * Good access to Reading town centre * Mainline rail service to London Paddington * M4 access at junctions 10 and 11

Description
* Third floor apartment * 2 bedrooms * Ensuite bathroom * Residents parking

Accommodation
Entrance hall, living room, kitchen, 2 bedrooms, en suite shower room, bathroom, Juliette balcony

Outside
Communal gardens, residents parking

EPC rating
B

Tenure
Leasehold with vacant possession

Lease
125 years from 1st January 2001, 103 years remaining

Local authority
Reading Borough Council - 0118 937 3787

Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.

Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Office Contact

Romans Auctions
01344 753120

Agreement Documents

Related Documents

Virtual Tour

23 The Pinnacle Virtual Tour

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